NIFTY FUTURE - - Hurdle at 5931 ,5950. Bollinger Bands indicates Sharp Selloff on card.Laxman Rekha @ 6010 - - DEC 3RD

 

In 8 Sessions from Low of 5555 to 5926 level !!(Nothing has Changed Fundamentally ,Nothing has changed in Economy …Just Flow of Fii’s had increased heavily )

*Technically Was Looking Hot and Still Looking Hot only.

On Tuesday ,We had written :Yes ,5663——-5687 are Hurdles !!Crossover above 5687 with volumes will take to 5703 in hrs only.

Above 5703 level ,Our Target for NF is 5753————5769 !!

(Is it possible it will not break 5600 & will zooooooooooom to kiss 5800+ in next few hrs ? )

On Friday ,We had written :-Above 5875 level…………..If Trades with volumes will take to  5891——-5910 & there after it will kiss 5931 —–5950 level in hrs only.

(It kissed 5926 & closed at 5909 )

Above is Weekly Chart ,Click to Enlarge !

Last Close :5909

Hurdle & Targets : 5931——————5950 level.

Crossover above 5950 with volumes will take to 5968-5987—6010 level !!

When Everything Looking Fine …Then only Something Unexpected happens.

Bollinger Bands ……………Indicating to have Cautious approach.Yes on Friday closed above Upperband and 101% it will not sustain !!

Difference between 3 DEMA & NF is too large and it will not sustain !!

Suppose Not Crosses High of 5926 (Friday’s High ) and Trades below 5903 with volumes for 15-20 minutes then ??

Slide upto 5833———————5810 not ruled out.

Support will be given by 3DEMA @ 5753.67 ,7dDEMA @ 5700

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